Global Green Polypropylene Market is valued at approximately USD 42 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2024-2032. Green polypropylene, an eco-friendly alternative to traditional polypropylene, is produced using sustainable processes and renewable feedstocks. This environmentally conscious approach reduces greenhouse gas emissions and addresses other environmental concerns. The increasing awareness and concern regarding fossil fuel depletion and plastic pollution have led to a shift towards bioplastics, including green polypropylene.
Changing consumer preferences towards sustainable and eco-friendly products have significantly influenced purchasing decisions across various industries. As consumers become more environmentally conscious, there is a growing demand for products and packaging made from green polypropylene, which provides a renewable and recyclable alternative to conventional plastics. This trend is particularly evident in the packaging industry, where green polypropylene is used in food packaging, beverage containers, and other consumer packaging applications. Additionally, in the automotive sector, green polypropylene is increasingly used in interior components, exterior trims, and under-the-hood applications, offering lightweight, durable, and environmentally friendly alternatives to traditional plastics. Moreover, the technological advancements and innovations, increasing investment in bioplastic R&D as well as government initiatives and regulatory policies present various lucrative opportunities over the forecast years. However, the cost competitiveness, compliance with regulatory standards and limited recycling capabilities are challenging the market growth throughout the forecast period of 2024-2032.
The key regions considered for the Global Green Polypropylene Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is a dominating region in the Global Green Polypropylene Market in terms of revenue. The market growth in the region is being attributed to factors including population growth, urbanization, and increasing environmental awareness. Government initiatives and regulatory policies promoting sustainable practices further boost the market in this region. Whereas, the market in Europe is anticipated to grow at the fastest rate over the forecast period fueled by rising consumer preference for eco-friendly products and advancements in bioplastic technologies.
Major market players included in this report are:
SABIC
Braskem
Dow Inc.
Borealis AG
LyondellBasell Industries Holdings B.V.
Total S.A.
Trellis Bioplastics
BioAmber Inc.
NatureWorks LLC
Danimer Scientific
Novamont S.p.A.
FKuR Kunststoff GmbH
Corbion N.V.
Biobent Polymers
GreenMantra Technologies
The detailed segments and sub-segment of the market are explained below:
By Application:
Films
Containers
Bags
Automotive
Toys
Pipes
Clothing
By End-use:
Food & Beverage
Automotive
Electrical & Electronics
Agriculture
Medical
Packaging
Consumer Goods
By Source:
Sugarcane
Rice-straw
Corn
Recycled
Polypropylene
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
